Globalization, Privatization and Free Market Economy

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C. P. Rao, ed.

ISBN: 1-56720-075-3

ISBN-13: 978-1-56720-075-1

DOI:

296 pages

Praeger Publishers

Publication: 6/30/1998

List Price: $119.95 (UK Sterling Price: £82.95)

Availability: Print on demand

Media Type: Hardcover

Also Available: Ebook

Trim Size: 6 1/8 x 9 1/4

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Description: The three dominant forces shaping societies and economies around the world are globalization, privatization, and liberalization. Because these processes are interrelated, they must be addressed collectively. The contributors to the volume show that globalization, privatization, and liberalization are multidimensional phenomena that impact not only the economic considerations of governments, but also sociocultural and environmental aspects of societies. The three phenomena also affect these units of analysis— which Rao and his colleagues identify as regional, country, industrial, and organizational. The result is a cogent discussion of these powerful global forces, for the academic community, professionals in economic development, banking, finance, international investment, and global commerce.

After treating the conceptual issues of meaning, definition, and differing interpretations and perspectives, the volume examines the historical experience with regional economic integration. The flow of foreign direct investment—a major consquence of globalization, privatization, and liberalization of economies is considered next. This leads to a study of the challenges created for management at the microlevel in organizations, such as the intensification of competitiveness, and the increased importance of technology and technology management. In their examination of country-specific issues, the contributors show how widely experiences vary with regard to the way in which the three major processes are implemented and how the policies behind them are adopted. Finally, in their discussion of sectoral and industry-specific issues, the contributors note that great variations on how different industrial sectors and industries will approach and recreate themselves under the power of the three great processes.

Table of Contents:

Introduction by C. P. Rao
Conceptual Issues
Concept and Reality in Globalization Theory by Noel O'Sullivan
Privatization and Organizational Taxaonomy: The Case of the National Enterprise by Sonny Nwankwo
Globalization, Economic Development and Ecology: A Critical Examination by Subhabrata Banerjee
Regional Issues
Multinational Market Groups: Realities and Implications for Member and Non-Member Countries by A. Ben Oumlil and C. P. Rao
The NAFTA Market and Management Training for Successful Entry by V. H. (Manek) Kirpalani
Global Investment Issues
Economic Liberalization and Foreign Direct Investment in Developing Countries: Japanese Investments in India and China by Jaideep Anand and Andrew Delios
U.S. Corporate Investments in India: A Study of Investors' Perception of Risk-Return Relationship by Rakesh Duggal and Mike Cudd
An Empirical Comparison of Commercial Profitability in the Private and Public Sector in India: Identifying the Effect of Competitive Intensity by Kannan Ramaswamy and William Renforth
Managerial Issues
Managing Diverse Human Resources for Globalization by A. V. Subbarao
The Effects of Free-Market Reforms on Market Openness, Market Attractiveness and International Marketing Strategies by Manjit S. Yadav and David M. Szymanski
Equity Joint Ventures by Firms Seeking Technology From MNCs by Sunil Venaik
Country Specific Experiences
Perfecting Globalization in India: Blending Western Technology with the Indian Ethos by Umesh C. Gulati
Issues in Economic Liberalization Policies and Globalization: A Case Study of Bangladesh by Mohammed Abdur Razzague
Profiles and Innovative Tendency of Malay Entrepreneurs: Inheritors Versus Initiators by Nik Rahimah Nik-Yacob
Sectoral and Industry-Specific Issues
Service Quality by International Relationships: Service Firms in the Global Market by Anders Majkgard and D. Deo Sharma
Intellectual Property Protection and Foreign Direct Investment: A Global Pharmaceutical Industry Perspective by P. M. Rao
Environmental Changes and the Impact on International Marketing Strategies: The Case of Textile Industry in Zimbabwe by Zororo Muranda and Jan-Erik Jaensson
Selected Bibliography
Index

About the Author: C. P. RAO is President of Marketing & Management Consultants, Pittsburgh, Pensylvania. /e With a doctorate in Business Administration from the University of North Carolina, Chapel Hill, he was recently Eminent Scholar and the William B. Spong at Old Dominion University. He also holds several distinguished faculty research awards form various universities, and has published widely in the journals serving his main field of interest, marketing and international business. He is active in many professional organizations and is a frequent visiting member at universities worldwide.

LCC Class: 337


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